Economics

Brazil Central Bank Head Sees Inflation Peaking in September

Annual inflation topped 10% in mid-September, a five-year high
Prices will ‘accommodate’ going forward, Campos Neto said

Roberto Campos Neto
Photographer: Andre Coelho/Bloomberg

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By Maria Eloisa Capurro

October 1, 2021 at 2:50 PM UTC

Updated on

October 1, 2021 at 4:47 PM UTC

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Brazil’s annual inflation has probably peaked in September and is now going to slow to policy makers’ 8.5% estimate by end-2021, according to central bank chief Roberto Campos Neto.

“I think the high is going to be in September,” Campos Neto said at an event organized by Morgan Stanley on Friday, adding that prices tend to “accommodate” going forward.